Ready Reckoner Rates in Mandvi, Mumbai
FY 2026-27 · Official ASR rates published by Maharashtra Government
| Zone Code | Description | Residential | Office | Shop |
|---|---|---|---|---|
| 4/Land/37 | Lokmanya Tilak Marg to the south, Abdul Rehman Street and Ibrahim Rahm Tulla Road to the west, Mohammad Ali Road to the east | ₹1,63,090/sqm | ₹2,26,700/sqm | ₹3,02,800/sqm |
| 4/Land/38 | Lokmanya Tilak Marg in the South, Yusuf Mehar Ali Road in the North, Mohammad Ali Road in the West and Central Railway Line in the East. | ₹1,65,170/sqm | ₹2,03,600/sqm | ₹2,55,700/sqm |
| 4/Land/39 | Yusuf Meherali Road in the South, Sardar Vallabhbhai Patel Road in the North, Central Railway Line in the East and Mohammad Ali Road in the West | ₹1,57,380/sqm | ₹2,15,700/sqm | ₹2,73,600/sqm |
| 4/Land/40 | Sardar Vallabhbhai Patel Road in the south, Sir Jamsetji Jijibhoy Road in the west, Ramchandra Bhatri Marg (Babula Tank Road) in the north and Central Railway in the east. | ₹1,29,820/sqm | ₹1,93,300/sqm | ₹2,32,500/sqm |
| 4/Road/37A | Lokmanya Tilak Road (from Abdul Rehman Road Junction to Mohammad Ali Road Junction to Central Railway) | ₹2,10,140/sqm | ₹2,43,300/sqm | ₹3,37,900/sqm |
| 4/Road/40A | Ramchandra Bhatt Marg (Western Division) to Samantbhai Nanji Marg | ₹1,29,650/sqm | ₹1,93,300/sqm | ₹2,32,500/sqm |
| 4/Road/41 | Mohammad Ali Road | ₹2,17,660/sqm | ₹2,88,700/sqm | ₹3,69,100/sqm |
| 4/Road/42 | Sardar Vallabhbhai Patel Road | ₹1,85,800/sqm | ₹2,44,000/sqm | ₹2,87,800/sqm |
Source: Annual Statement of Rates (ASR) FY 2026-27, Maharashtra Government
What is the Ready Reckoner Rate?
The Ready Reckoner Rate (also called the Circle Rate or ASR rate) is the minimum property value set by the Maharashtra government for calculating stamp duty and registration fees. Every property transaction in Mumbai must use at least this rate for stamp duty computation.
How is stamp duty calculated?
Stamp duty = ASR rate × Built-up Area (BUA) × floor rise multiplier. BUA = RERA carpet area × 1.10 (new properties). Floor premiums apply from the 5th floor onwards. See our step-by-step guide for the full formula.
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